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Silver Price Forecast: XAG/USD slumps below $31 as safe-haven demand fades
Silver price (XAG/USD) extends its correction below $31.00 in European trading hours on Wednesday after facing selling pressure near $31.50 on Tuesday.
Fed policymakers speak on outlook after Chairman Powell sets the tone
Federal Reserve (Fed) Chairman Jerome Powell said in prepared remarks delivered at a Dallas event on November 14 that they don't need to be in a hurry to lower interest rates, citing ongoing economic growth, a solid job market and inflation that remains above the 2% target.
ECB Financial Stability Review: Economic growth remains fragile
In its semi-annual Financial Stability Review published on Wednesday, the European Central Bank (ECB) warned that "economic growth remains fragile." Additional takeaways Concerns about the global trade outlook add to geopolitical and policy uncertainty.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
NZD/USD: Unlikely to reach 0.5960 for now - UOB Group
Upward momentum is building, albeit tentatively. The New Zealand Dollar (NZD) is likely to edge higher, but is unlikely to reach 0.5960 for now.
USD/CAD Price Forecast: Finds initial support at 14-day EMA near 1.3950
The USD/CAD pair holds ground after two days of losses, trading around 1.3970 during the European hours on Wednesday.
EUR/USD struggles as ECB officials shift focus to revive economic growth
EUR/USD continues to face pressure near 1.0600 in Wednesday's European session, struggling to extend recovery since Friday.
AUD/USD retreats from one-week top on renewed USD buying, holds above 0.6500
The AUD/USD pair retreats from the vicinity of mid-0.6500s, or a one-week high touched earlier this Wednesday and extends its steady intraday descent through the first half of the European session.
HUF: Hawkishness with cracks - ING
As expected, yesterday's National Bank of Hungary meeting did not bring any changes.
AUD/USD: Expected to rise further to 0.6560 - UOB Group
There has been a slight increase in momentum; the Australian Dollar (AUD) is expected to rise further to 0.6560.
GBP: Inflation data confirms December cut unlikely - ING
GBP/USD has broken past the 1.270 level this morning after a slightly hotter-than-expected UK CPI print for October, ING's FX analyst Francesco Pesole notes.
GBP/USD: Likely to trade between 1.2630 and 1.2710 - UOB Group
Price action still appears to be part of a range trading phase; the Pound Sterling (GBP) is likely to trade between 1.2630 and 1.2710.
EUR: Wage data due today - ING
ECB member Fabio Panetta made headlines yesterday with some dovish remarks.
NZD/USD Price Forecast: Remains below 0.5900, nine-day EMA due to growing bearish bias
The NZD/USD pair breaks its three-day winning streak, trading around 0.5890 during the European session on Wednesday.
USD: Ukraine news not boosting safe havens for now - ING
Global markets have been shaken by a sudden escalation in the Russia-Ukraine conflict after Ukraine used US-supplied long-range missiles for a strike in Russian territory and Moscow lowered the threshold for response using nuclear weapons.
EUR/USD: Weakness in EUR has stabilised - UOB Group
Brief decline did not result in any increase in momentum; the Euro (EUR) is expected to trade in a range between 1.0550 and 1.0620.
EUR/GBP breaks below 0.8350 following stronger UK inflation data
EUR/GBP loses ground to near 0.8330 during the early European hours.
Pound Sterling jumps as UK inflation accelerates more than expected
The Pound Sterling (GBP) gains sharply against its all major peers on Wednesday as data from the United Kingdom (UK) Office for National Statistics (ONS) showed inflation accelerated more than expected in October.
Forex Today: Pound Sterling benefits from UK inflation data, markets await central bank speak
Here is what you need to know on Wednesday, November 20: Pound Sterling gathers strength against its peers early Wednesday, supported by the stronger-than-forecast inflation readings for October.
EUR/JPY Price Forecast: Resumes its uptrend above 164.00
The EUR/JPY cross resumes the upside to near 164.30 during the early European session on Wednesday.
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